Geo Group Inc (The) (NYSE:GEO) Stock Has Average Price Target of $40.00

Geo Group Inc (The) (NYSE:GEO) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.00.

Several research firms recently commented on GEO. UBS Group reissued an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Zacks Research raised Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Geo Group in a research report on Friday, September 4th. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, JonesTrading increased their price target on Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 6th.

Insider Activity

In related news, VP Matthew Albence sold 11,797 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $31.45, for a total value of $371,015.65. Following the completion of the sale, the vice president owned 87,602 shares in the company, valued at approximately $2,755,082.90. This represents a 11.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald A. Brack sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the transaction, the insider directly owned 71,614 shares of the company’s stock, valued at $2,291,648. This represents a 8.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,797 shares of company stock worth $911,916. Corporate insiders own 4.98% of the company’s stock.

Institutional Trading of Geo Group

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Geo Group during the 2nd quarter worth about $570,744,000. Pentwater Capital Management LP acquired a new stake in Geo Group during the second quarter valued at $312,698,000. Hsbc Holdings PLC purchased a new position in Geo Group in the second quarter valued at about $118,673,000. Cooper Creek Partners Management LLC grew its stake in Geo Group by 14.2% in the first quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock valued at $89,328,000 after purchasing an additional 661,281 shares in the last quarter. Finally, Rubric Capital Management LP increased its position in Geo Group by 7.3% in the 1st quarter. Rubric Capital Management LP now owns 3,743,180 shares of the real estate investment trust’s stock worth $62,923,000 after purchasing an additional 256,265 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Geo Group Stock Up 1.9%

Shares of GEO stock opened at $31.36 on Tuesday. Geo Group has a 1 year low of $12.51 and a 1 year high of $33.15. The stock has a market cap of $4.13 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77. The business’s fifty day moving average is $31.23 and its 200-day moving average is $26.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business had revenue of $732.07 million during the quarter, compared to analyst estimates of $721.43 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The company’s revenue was up 15.1% on a year-over-year basis. Equities analysts expect that Geo Group will post 1.31 earnings per share for the current fiscal year.

About Geo Group

The GEO Group, Inc (NYSE: GEO) is a provider of correctional, detention and community-reentry services. The company designs, finances, develops and manages secure facilities for federal, state and local government agencies, as well as certain international government clients. Its facilities house individuals in pretrial detention, immigration detention and correctional programs.

GEO also provides correctional and behavioral healthcare, transportation and security services, and electronic monitoring technologies.